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two recent major downturns: the 2007-2009 financial crisis and the Greek government-debt crises. Please, explain the two main hypotheses related to the development of a

two recent major downturns: the 2007-2009 financial crisis and the Greek government-debt crises. Please, explain the two main hypotheses related to the development of a banking crisis. Moreover, outline the main events characterizing the downturns mentioned above, stressing the different roles of banks.

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